59 Leach St #2SalemMA01970
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Ziffy AI Summary
A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
- Attractive rent-to-price ratio for income stability
- Good fit for DSCR financing with healthy coverage
Investment Highlights
Investment property for sale in Salem at 59 Leach St #2, Salem, MA, 01970 earns $1,786/mo cash flow from $4,937/mo rent with a $2,447/mo payment. Total monthly income totals $4,937/mo, and annual cash flow totals $21,432/yr on $165,717 capital. ROI tracks 32.84% on current figures, and rental yield reads 11.85% at a $499,900 purchase. Equity gained on principal adds $3,226/yr, and 5% annual appreciation supports $138,113 over five years. Five-year ROI reaches 172.34% and total cumulative return in cash sums $285,588. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $4,937/mo property income instead of your personal income.
Condo
Built in 1920
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 01970, Salem, MA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 20,846 (100%) |
| Owner Occupied HU | 10,263 (49.2%) |
| Renter Occupied HU | 9,561 (45.9%) |
| Vacant Housing Units | 1,022 ( 4.9%) |
| Median Home Value | $626,422 |
| Average Home Value | $665,116 |
Housing Distribution
Address Breakdown
Residential
18,571
Single Family
12,690
Multi-Family
5,881
Businesses
1,702
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Listed by: Anna Budai-Louf • Toner Real Estate, LLC
Mls Name: MLS PIN
Mls ID: #73444026